Protecting 1400 --the previous top, this stock will be a big thing for coming months as the expected breakout is anything to go by. The stock is in strong bull market, a premium stock.
Please refer to earlier post on this stock. Support and Resistance: These levels of Support and Resistance is to decide the bullish momentum remaining intact in near term.
HindUnilever: I am studying 25 years chart of this stock to find unfolding of a great bullish trend. (Trading View provides chart from 2009 onwards). From 1997 to 2007 price consolidated in a narrow range. After 10 long years, a powerful breakout took the price to new heights till 2014. From 2014 to 2017 price again consolidated and then broke out once...
Hindustan Unilever #HINDUNILVR Indian Stock buy setup at weekly demand level around 924.
Very strong departure. Previous weekly demand at 771 played out nicely
Market analysis: The price is now trading inside a flag pattern, One the market breaks the flag we can enter a long entry. So lets wait and see what the market does in the coming days. Cheers!
HINDUNILVR is ranging from 2015 and formed good descending triangle and we can notice that there are 3 touches by price on both the trendlines of triangle.
Measure of Triangle is about 200 pts , So when we fix targets we can expect around 200pts and this is Medium term trade idea, so this can take time to breakout and trade can progress over few months after we...
